Park Hotels & Resorts Inc. (NYSE:PK) Given Average Recommendation of "Hold" by Analysts

Park Hotels & Resorts Inc. (NYSE:PK - Get Free Report) has been assigned a consensus recommendation of "Hold" from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $12.75.

A number of equities research analysts recently commented on PK shares. Evercore ISI downgraded Park Hotels & Resorts from an "outperform" rating to an "in-line" rating and set a $13.00 target price on the stock. in a research report on Friday, May 16th. Morgan Stanley reduced their price target on Park Hotels & Resorts from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen downgraded Park Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Citigroup restated a "buy" rating on shares of Park Hotels & Resorts in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company cut their price target on Park Hotels & Resorts from $17.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th.

Park Hotels & Resorts Stock Up 2.5%

Shares of NYSE:PK opened at $10.27 on Friday. The stock has a fifty day simple moving average of $10.10 and a two-hundred day simple moving average of $12.34. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 1.51 and a beta of 1.75. Park Hotels & Resorts has a 12-month low of $8.27 and a 12-month high of $16.23. The company has a current ratio of 1.19, a quick ratio of 1.51 and a debt-to-equity ratio of 1.27.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. Park Hotels & Resorts had a return on equity of 5.63% and a net margin of 8.16%. The company had revenue of $630.00 million during the quarter, compared to analyst estimates of $620.17 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. Park Hotels & Resorts's revenue was down 1.4% compared to the same quarter last year. On average, research analysts anticipate that Park Hotels & Resorts will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 9.74%. Park Hotels & Resorts's dividend payout ratio (DPR) is presently 169.49%.

Institutional Trading of Park Hotels & Resorts

A number of institutional investors have recently made changes to their positions in PK. UMB Bank n.a. raised its stake in Park Hotels & Resorts by 140.9% in the 1st quarter. UMB Bank n.a. now owns 2,385 shares of the financial services provider's stock worth $25,000 after acquiring an additional 1,395 shares during the last quarter. Versant Capital Management Inc raised its stake in Park Hotels & Resorts by 11,039.1% in the 1st quarter. Versant Capital Management Inc now owns 2,562 shares of the financial services provider's stock worth $27,000 after acquiring an additional 2,539 shares during the last quarter. Quarry LP purchased a new position in Park Hotels & Resorts in the 4th quarter worth $35,000. GF Fund Management CO. LTD. purchased a new position in Park Hotels & Resorts in the 4th quarter worth $53,000. Finally, GAMMA Investing LLC raised its stake in Park Hotels & Resorts by 401.2% in the 1st quarter. GAMMA Investing LLC now owns 5,283 shares of the financial services provider's stock worth $56,000 after acquiring an additional 4,229 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

About Park Hotels & Resorts

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.

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